A savings account is the most flexible place to keep money in Nepal — you can deposit and withdraw freely while still earning interest. Rates are modest compared with a fixed deposit, but the trade-off is full liquidity, which is why a savings account is where most people keep their day-to-day balance.
Interest rates on savings move with overall banking liquidity and Nepal Rastra Bank policy, and they differ noticeably from bank to bank. The table below ranks every bank currently publishing a savings rate, highest first, so you can see at a glance where the same balance would earn more.
Best Savings Account Rates in Nepal — Bank Comparison
7 Banks| # | Bank | Savings Rate | Action |
|---|---|---|---|
| 1 |
EBL
Everest BankHighest
|
4.00% | |
| 2 |
NMB
NMB Bank
|
3.00% | |
| 3 |
LSB
Laxmi Sunrise Bank
|
2.76% | |
| 4 |
NBL
Nepal Bank Limited
|
2.75% | |
| 5 |
SIDE
Siddhartha Bank
|
2.75% | |
| 6 |
NICA
NIC Asia Bank
|
2.75% | |
| 7 |
GIBL
Global IME Bank
|
2.75% |
Which bank gives the highest savings interest rate in Nepal?
The bank at the top of the comparison table above currently offers the highest published ordinary savings rate. Because banks revise rates frequently, the ranking is refreshed from live data, so check the table for today's leader.
How is savings account interest calculated in Nepal?
Most Nepali banks calculate savings interest on the daily balance and credit it to the account periodically (often quarterly). The exact method and minimum-balance conditions vary by bank, so confirm with the bank before opening an account.
Is a savings account better than a fixed deposit?
A savings account gives you full access to your money but a lower rate; a fixed deposit locks the money for a set term in exchange for a higher rate. If you need liquidity, savings wins; if you can lock funds away, a fixed deposit usually pays more.
What does the ✓ Verified badge mean?
A Verified badge means the rate was entered or confirmed directly by the bank through Byajdar's partner portal, rather than collected from public sources. Verified rates always override scraped data for that bank and product.